Indicate whether the following staternentsare true or talse. 1. Managerial accountants explain and report manufacturing and non-manufacturing costs and determine cost behavlours, but are not involved in the budget process. 2. Financial accountins reports pertain to subunits of the business and are very detailed. 3. Managerlal accounting reports must follow generally accepted accounting principles and are audited by chartered profossional accountants: 4. Managers' activities and responsibilities can be classified into three broad functions: planning. directing. and controlling- 5. As a result of the Sarbanes - Oxley Act of 2002, top managers must certity that the company maintains an adequate system of internal control. 6. Management accountants foliow a code of ethics developed by the US. Institute of Management Accountants